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Judging by the information coming in, a lot of ancient "crypto whale" wallets that have not created any movement with Bitcoin, for many years, have recently "come to life". Recently, assets have started to be transferred from these wallets to the exchanges. The withdrawal to the exchanges, kind of hints that these amounts are being withdrawn to sell Bitcoin.
In my estimation, these whales are clearly bitcoin investors who have been hoarding bitcoins for a long time, and maybe only now have they opened the wallet after all this time, to take advantage of the bitcoin assets they have. Because the bitcoin market will soon face a bull run and the whales, start sending their bitcoin assets to the exchange, in preparation for selling them when the bull market starts. Most likely, the reason the whales started moving, was probably because of that factor.
The whales stirred. What should we expect?
What I hope is that I can take full advantage of the movement of the crypto market caused by these whales. Because usually, when the whales start moving, usually the crypto/bitcoin market movement will definitely soar up quickly. So it is at this time that we must be able to quickly take advantage of the rising market movement, by selling the rising crypto/bitcoin asset, quickly. Because if you don't hurry, I'm afraid the whales will sell their assets faster, and we will be left behind, because surely the market movement will go down again, when the whales have succeeded in selling all their crypto or bitcoin assets. So maybe at that time, we have to be ready and fast in selling our crypto assets (crypto assets that are on the rise).
If we carefully read the information about the movement of assets on the whales' wallets, we will realize that these are not just moves, but moves specifically on the MARKETS. People transfer assets to exchanges for what? Right - to sell or buy for one asset, another asset. Therefore, I, with high probability and assume 2 options - sale and exit to fiat (perhaps something know) or a global change of the "leader of the crypto world", other options explaining the transfer of huge amounts of bitcoins and assume I can not assume. In this case, the option "they just transferred" - I do not consider, because it is absolutely allogical.
I agree that most of the time that could be the reason, there are few niche reasons like people just changing wallets, which they may do via an exchange because they do not want to be followed, and that makes sense fully, but I understand why people would think that it would be to do a move on the market.
However, nowadays there aren't really that much wild volatility that is going around enough to make selling or even buying make sense just yet. I understand when the market is moving hectically it could lead whales make moves, but when its this silent and just stagnating at one price, I do not think that whales have any reason to make big moves. They might, but it is not changing anything right now as we can see.
I will answer two authors at once, the questions are close.
No one excludes preparation for a bullish trend. To place orders without haste and be ready for a sharp rise. And the explanation here is quite logical - at the beginning of the bull market, a lot of small transactions will be created, "home investors", which will again make the network slow and expensive, in terms of transaction cost. Also quite a logical explanation of what is happening, why not !?!?
It will be necessary to look deeper into the analytics of "whale" wallets, if they "fell" from the last peak of 60k dollars, it can be seen as a preparation for a new and significant growth of bitcoin !